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Spotify’s interest in podcasts is paying off, too, with 21 percent of its users now listening to podcasts on the platform. That number “continues to grow at triple digit rates year over year,” and so we’re expecting that figure to continue to rise across the year. Not to mention that this surge in podcast listening is before the company’s controversial exclusivity deal with Joe Rogan kicks in this September.
Spotify’s revenue increased, but at the same time, its losses deepened, which the company has said is down to a number of factors. As usual, it blames its employees in Sweden for adding to its tax burden, which must make them feel real swell. More importantly, however, is that as more families and students sign up to group, or discounted plans, the company’s average revenue per user falls.
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